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LETTER OF INTENT

Please reserve the package item checked below for The PGA Grand Slam of at the Mid Ocean Course in Bermuda. Enclosed is our non-refundable deposit check (10% of our chosen package) made payable to PGA Tournament Corporation, Inc.

We understand that our hospitality location will be based on the order in which PGA receives our deposit and acknowledge that a contract and final payment schedule will be forwarded after receipt of this Letter of Intent and the enclosed deposit.

How did you learn about PGA Hospitality? (check all that apply) Legal Company Name ▁ Brochure/Mailer ▁ PGA.com

▁ Business Associate ▁ PGA of America Contact

▁ Host Club ▁ We are a returning purchaser Title ▁ Other

Address HOSPITALITY* 50+ person Cottage—Grand Slam Package, starts at $125,000  City State ZIP $12,500S non-refundable O L D deposit due O with U this Letter T of Intent

25 person Cottage—Major Championship Package, $62,000 Phone number  $6,200 non-refundable deposit due with this Letter of Intent

25 person Cottage—Championship Package, $45,000 Fax number  $4,500S non-refundable O L Ddeposit due O with Uthis Letter T of Intent

10 person Table—Trophy Club Package, $15,000 Email  $1,500 non-refundable deposit due with this Letter of Intent

*Food and beverage costs are included in the price of the hospitality Signature Date package, Monday, 10/15/07 through Wednesday, 10/17/07. Please indicate in the boxes below if you require the following:

▁ Invoice for deposit ▁ W9 documentation SEASON GROUNDS TICKETS (1 ticket each day, Monday, Tuesday and Wednesday) Send a check made payable to PGA Tournament Corporation, Inc.

x $150 each Season Ground ticket = $ total payment mail to: PGA Tournament Corporation, Inc. Attn: Corporate Hospitality 100 Avenue of the Champions Palm Beach Gardens, FL 33418

or pay by credit card and fax order to 561-624-7634

▁ Visa ▁ Mastercard ▁ American Express

Name on Card

Number Expiration (month/year)

Signature

A PGA of America Major Championship The • PGA Championship • Senior PGA Championship • PGA Grand Slam of Golf www.hospitality.pga.com

HOSPITALITY* Package price Number of hospitality tickets, (includes F&B) Wed & Tue Mon, Number of additional hospitality tickets available for purchase (includes F&B) Number of playing spots in Championship Pro-Am (Mon 10/15/07) Number of people invited to play Thu, at the Mid Ocean Club on 10/18/17 Number of invitations to official Reception Welcome Number of invitations to official Champions Dinner Full page, 4-color advertisement in Championship Journal Number of Championship official journals per day Private hospitality area with signage Option to purchase Season Grounds tickets Option to purchase official dual ‑ logo merchandise Option to purchase guest invitations with Championship logo

starts at + 50 personS O Cottage L D— Grand O Slam U T Package (customized) $125,000 50 20 1 8 10 10 1 50     25 person Cottage—Major Championship Package $62,000 25 10 - 4 10 10 1 25     25 personS O Cottage L D—Championship O U T Package $45,000 25 10 - - - - - 25     10 person Table—Trophy Club Package $15,000 10 5 - - - - - 10    

ADVERTISING Official Journal Package $5,000 - - - - - 1 20 - - - - Pairing Sheet & Official Journal Package $12,000 - 4 - 2 - 1 40 - - - -

*HOSPITALITY: Package price includes food and beverage for guests from Monday, 10/15/07 through Wednesday, 10/17/07. Additional guest tickets are available for purchase; price is $230 per ticket per day (Monday, Tuesday and Wednesday) and includes hospitality access and food and beverage each day.

A PGA of America Major Championship The Ryder Cup • PGA Championship • Senior PGA Championship • PGA Grand Slam of Golf www.hospitality.pga.com